Discuss the comparative effect of monetary and fiscal policy under the IS-LM framework
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Solution 1
The IS-LM model is a macroeconomic tool that demonstrates the relationship between interest rates and real output in the goods and services market and the money market. The intersection of the IS (Investment-Saving) and LM (Liquidity preference-Money supply) curves is the general equilibrium where t Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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